Ethiopian Investment Commission in collaboration with the Embassy of China in Addis Ababa is holding a three-week seminar and training on Investment Promotion for Ethiopia in Beijing, China, starting from 14th of July to 4th of August, 2023.
The purpose of the seminar is to enhance understanding and deepen friendship between participants through mutual learning and exchange, according to House of Peoples’ Representatives.
It is also to create a platform for international exchange and cooperation among developing countries including China through learning practical experiences on promoting investment and trade.
At the opening of the seminar, Deputy Chairperson of Trade and Tourism Affairs Standing Committee of the House of Peoples’ Representatives, Asemahagn Aseres appreciated the commitment of China to help developing countries to come out of poverty by sharing the practical experiences the country went through.
“Ethiopia and China are enjoying more than 50 years of diplomatic relations, no matter the international landscape changes, the Ethiopia-China cooperation and friendship have remained unbreakable and grown stronger over time,” he said.
He added that in the last 50 years, there were low and high times for both countries before the international community; no matter what situation there was, our two countries’ relations were excellent.
“In the recent parliament session, PM Abiy Ahimed mentioned and appreciated the generous China aid provided to Ethiopia, and constructed a marvelous scenery called “Friendship Square” at the epic center of Addis Ababa, in front of the Ethiopian Palace”, he added.
“We want to learn from the Chinese way of doing investment, and that is why we are here. We know that China achieved extraordinarily in terms of economic development, and lifting millions of citizens out of poverty in a short period of time. Ethiopians want to learn and draw lessons from this great achievement”, Asemahagn concluded.
Deputy Director of China Aid Training Programs of the Academy for International Business Officials (AIBO) under the Ministry of Commerce in China, Zheng Mingyuan, welcomes the team from Ethiopia and reiterates the commitment of China’s readiness to share the path it went through to help the country to eradicate extreme poverty from Ethiopians.
“China eradicated extreme poverty in 2020, reached nearly 12,000 USD per capita now, the second largest economy in the world, planned to reach 30,000 USD per capita in 2035”, he pointed out.
Academy for International Business Officials (AIBO, also known as Training Center of the Ministry of Commerce), the only education and training institution directly affiliated to the Ministry of Commerce of China, hosts the seminar.
AIBO has been carrying out foreign training missions since 1998, and it was the first to offer training courses such as economic management to officials from developing countries. The training covers a wide range of topics, including economic management, trade and investment, urban planning and management, and telecommunications.
The seminar also contains lectures and field visits, and a range of topics including the “Belt and Road” initiative, China’s reform and opening-up and economic development experience, functions of China’s investment institutions and investment promotion system.
Members drawn from the Trade and Tourism Affairs Standing Committee of the House Peoples’ Representatives, officials from Ethiopian Investment Commission and regional investment commissions are participating in the seminar.
Source: Ethiopian News Agency